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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - July 20, 1971, Lethbridge, Alberta ________. Tueidoy, July 20, 1971 THE LETHBRIDOE HERALD 13 Fractional rise in market prices Miscellaneous quotations workerS mayor unhappy Vancouver, Calgary, Montreal AlWtn r'OI'llS Ms K., n.h.rt., TiAjulHrmsp anri McCuais) __ I >VH11 Id LU1 1V1UB U.S. walkout a.m. Quote (Supplied by Dohcrty, Itoadtiouse and McCuaig) LAST BID OR SALE a.m. ogotesi B.m. TORONTO (CP) Prices on the Toronto stock market moved fractionally higher in all sectors in moderate mid-morn- ing trading today. On index, industrials were up 25 to 177.50, golds .17 to 176.62, base metals .08 to 92.86 and western oils 2.74 to 236.21. Volume by 11 a.m. was shares, up from at the same time Monday. Strongest sectors were oil re- fining, real estate, industrial mining and steel. Banking, beverages, merchan- dising and food-processing is- sues edged fractionally lower. Chrysler was up to Royal Trust Vz to Canadian Industrial Gas Vz to Impe- rial Oil Vt to Cassiar Vt to and Central-Del Rio to International Utilities rose to Hudson Bay Mining to Canadian Homestead to United Canso 25 cents to and Central Fund A to Kaiser Resources declined Vt to Molson A Vi to Pan Vs to Acklands Vs to Crush International Vt Co and Dominion Bridge Vt to Labatt lost Vs to Ocear, Cement Vt to Texas Gulf Sulphur Vt to and Weston Vs to LIGHT TRADK MONTREAL (CP) Prices were up slightly in light morn- ing trading on the Montreal stock market today. Combined volume on the Montreal and Canadian Stock Exchanges at 11 a.m. wai shares, compared with 322800 at the same time Men day. On index, the composite rose 16 to 179.87, industrials .18 to 182.93, banks .27 to 205.55 and papers .23 to 80.27. Utilitie. were unchanged at 152.29. On the Montreal exchange Dome Petroleum rose tt following Monday's gain of on the Toronto Stock Ex change. Canadian International Powe rose to and Hudsoi Bay Mining Vz to Hudson Bay Oil and Bordei Chemicals dropped Vz each and respectively. By Gene Fawcette URBAN STRESS HAS COME TO NEW NATIVES IN THE AUSTRALIAN-ADMINI- STERED TERRITORY WHO HAVE LEFT THEIR VILLAGES AND FAMILIES TO WORK IN CITIES HAVE BEEN FOUND TO SJFFER ANXIETY, BECOA1E MORE AGGRESSIVE AND EVEN CQVWUT SUICIDE FB. furiW hlormalmn ODERATE ADVANCE NEW YORK (AP) Favora- e second-quarter earnings re- Its were credited by analysts day with fuelling a modest ad- nce in stock prices. Trading as slow. The noon Dow Jones average 30 industrials was up 5.33 jinls at 891.72. Advances on le New York Stock Exchange declines by 3 to 2. Dome Mines was up to and Mclntyre Porcupine dded Vt to among Cana- an issues. Canadian Pacific as down to and ranby Mining off at Canadian issues were largely insold on the American Stock xchange. Canadian Javelin ose Vt to WESTERN OILS Almlnex Alia East Gal Asamera Ashland BP Oil Gas Can South Ctln Ex Gas Cdn Homestd Cdn Home Pfd Cdn Ind Gas Oil Ccin Long Is Cdn Super Cen Del Rio Charter Chieftan Dome Pete Dynamic Pete Gt Plains Lochiel Mill City New Cont North Cdn Oil Numac permo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Spooner Total W. Decalta Husky Oil S.85 Husky Oil B 5.05 Husky oi1 War 21.50 Inter Prov Pipe 13.00 Inter Steel Pipe 7.30 Cdn Occidental 5.70 Joulel 4.20 Kaiser Res 10.00 Kam Kolla 19.00 Lake Dufault 12 00 L Ont Port Cem 63 MGF Manage Mentor 15 75 Kewconex 6.15 Pacific Pete 6.BO Rank Org 111.50 selk Hold 1.04 Shell Can 34 JlVt Shell Inv Pfd 1.30 Shell Inv WIs 1 63 Sicks Rainier .72 Teledyne 7 80 West Cdn Seed 10.12V2 White and Yuk 61 CALGARY 1 32 Acroll :62 aarons oil 1.36 North Cont .4? Madison STOCKS' Alta Gas Tr L A 1715V2 Corp In St F 5.09 5.56 4400 Dreyfus F U.S. 11.61 13.64 7.45 Gr Equity 6-57 7-21 12.25 Gr in Srwies 3.59 3.95 Invest Gr F 950 Invest Mutual 75 Mutual Ac 5.49 6.0-1 575 Mutual Gr F 5.33 5.92 67 Nat Res 13.87V4 N W Fin 2 35 N W Gr 3.00 Principal Gr .95 Royfund 5.60 Temp Gr 33 So United Ac 22 25 Universal Sav VANCOUVER 37 62Vz Anuk 37 87V; Arctic Mining 1775 Atlas Explor 2 37to Bath Nors 5-85 7.57 8.27 4.71 5.79 S.tf 6.01 4.42 4.85 5.62 S.B5 27.0B 19.60 4. 82 5.30 7.33 8.05 WASHINGTON (AP) United States telephone workers prepared today to return to vork under terms of a proposed contract as leaders of seven postal unions gathered here to discuss a tentative agreement worked out with the U.S. postal service. 1.55 4.50 Pfd 1.99 Beth Copper Block Bros Brenda B.C. Sugar B.C. Sugar Capt Inler Churchill Copper Col Cellulose Coronation Credit Crestbrook F Ind Croyden MISCELLANEOUS INDUSTRIES 6.85 Livestock Calgary livestock CALGARY (CP) On oifer o 11 a.m., about head nosUy slaughter cattle. Trade active. Slaughter steers were steadj sales to 32.40; heifers rere steady with light kind a few cows and bulls vere steady. Choice slaughter steers 31.75 o 32.20, good 30.75 to 31.75, me- dium 29.50 to 30.50. Choice hei- ers 27.75 to 28.40, good 27 to 7.75, medium 26 to 27. Good cows 21.50 to 22.50, medium 0.50 to 21.50, canners and cut- ,ers 19 to 20.50. Good bulls 25 a 26.50. Replacement cattle were mainly heavier feeder steers and heifers. Insufficient stock or slaughter calves offered to establish a market. Good feeder steers more than 750 pounds 31 to 32.75. Good eeder heifers 27 to 32.25, de- rending on weight and quality. Hogs base price 21.45. Agra Atco Ind Aquataine Brit Nfld Cdn Brew A Cdn Erew B Cdn Hydro Car Cdn Pacific Inv CPR Pfd Crowsnest Ind Cygnus A Cygnus B Cum Prop Gt Cdn Oil S Gt Cdn Oil 6-75 Home A Home B Hnrne Pitfld Hud Bay Co Hud Rav nil Hud Bay Oil Pfd Hugh Russell 9.25 7.50 28.25 Alta" GaVtr L Pfd 73.00 Dolly Varden Alta Nat Gas 23.25 Dynasty Cdn W Nat Gas 18.00 Fort Reliance fnland Nat Gas 13.37V, Giant Mascot N and C 15.B7W Ganisle Pacifii Gas Tr U.OO Growers B N and C B Pfd 32.75 Key Indust Gaz Metro 6-00 59.62'A Gaz Metro Pfd A 6fi.OO 3550 Tr Cdn P 33.00 16.25 Tr Cdn P Pfd B 40.00 23.62Va Tr Cdn P Pfd A 62.00 11 00 Tr P Cdn War 9.70 57.00 WC Ttrans _ 26.G7' 5 87Vz Western Pacific 6.25 MUTUAL FUNDS All Cdn" DivTd 3.55 6.95 20.00 16.50 8.00 l.OS 4.00 1.05 4.50 .19 .26 5.65 11.12'A 2.75 Hys Interior Brew inter Mariner Kamloops Copper Lornex Lytfon Minerals New Imp Mines Okanagan Helicop Plains Pete .mvi 8.25 2.01 2-30 Cdn Invest F 19.75 Col Mi'ti-al "w Inter 59.00 Cmnw Lev 19.75 Corp Invest 4.97 Trojan 647 7.1! Western Mines 139R 15.36 WC Res 372 4.09 Western Explor 5.46 5.97 Uticn Hugn rtuasen r Toronto mines, industrials Supplied by Richardson Securities of Canada LAST BID OR SALE a.m. Quotes) MINES a.m. Quotes) 11.12 a.m. Quolesl The two agreements, covering more than one million workers, were bright spots on a United States labor front still facing the dim prospect of further rail tieups by the weekend. The postal service, which re- placed the post office depart- ment July 1, worked out the final pact with a union subcom- mittee after 36 hours of bargain- ig. A spokesman said it was "in the neighborhood" of mil- lion but revealed no specifics. Pay of a postal worker now runs from a year to an average after eight years. The telephone workers had walked off their jobs in the Bell ing. Alcaii swings China deal VICTORIA (CP) Alcan Aluminum Ltd. announced here the sale of 5.500 tons of pri- mary aluminum ingot for im- mediate delivery to China. The value of the order is be twcen million and S3 mil lion. Alcan said a Chinese freight cr is expected at Kitimat, B.C. later Monday or today to load the shipment which represents Alcan's first sale of ingot to China in many years. The company said the sale has been made following a visit to China by Alcan staff repre- sentatives who were invited to the Canton trade fair. Potato futures WINNIPEG (CP) Maritime potato futures Monday. Open High Low Close Nov Mar Apr May 2.25A 2.B3A 2.70A A MR. INVESTOR Here is a Money Maker 100% Occupied A NEW 12 PLEX 5 suites fully furnished-Each suile has Drapes-Fridge and Stoves. Located al 2104 15th Avenuo Norlh. For complete details call MELBA HEPPLER at HAY REALTY LTD, COLLEGE MALL 327-7077 EVENINGS 327-3558 Acme Advocate Asb. Akaitcho Black Bay Bralorne Broulan Bethlehem Brunswick Cdfi Tung. Cassisr Central Pat. Chimo Con west Cons Rambler Coin Lake Cochenour Craigmont Dickenson Mines Denison1 Mines Deer Horn D'Eldona Dome Mines Donalda Discovery M. East Malartic East Sullivan Faiconbridge Frobex First Giant Y.K. Bovis Granduc Headway R- L. Hollinger Hud. Bay M S. Hydra Ex. Iron Bay Joliet Quebec Kerr Addison Key Anacon Labrador Lake Shore Madsen R. L. Malartic G. F. Marlin Me, Maclnlyre Meta Midrim Intern Mogul New Athona New Calumet New Imperial' Noranda Northgate Norleit .17 2.10 .43 .07 l.EO .25 16.55 5.SO 2.02 Opemiska Oslsko Palino Pine. Point Placer Dev. P. C. Exp. Quebec Man Rayrock Radiore tvt Rio Algom 11 62Va Roman Corp 235 Sherritt Gordon 11 25 Silver Miller Steep Rock T'BS Tek Corp. Texmont 'ijj Upper Cdn Western Mines Willroy Windfall 05 Yellow. Bear 46 Zenmac 6650 INDUSTRIALS .BJ Abiiibl .99 Alcan 1.05 Algoma Steet 3.10 Atco Ind 99.00 Allan Sugar Bell Tel Brazil Trac .._._ .35 CAB Fd of Amer Gt Cdn Oil 30.37V2 Gen Motors Gt Lakes Pap 1.05 Gulf Oil Cda Greyhound 1.35 16.00 6.30 16.7.5 .07 2.14 6.20 .SB 2.06 7.26 1.00 1.06 8.40 1.65 6.60 ,08V 40.50 21.25 .23 _urns B.C. Forest B.C. Sugar 2 CAE Ind Cdn Brew Chemcell Col Cal Power Coron Credit 2 C.W.N. Gas Cdn Indust Cdn S S Cdn Marconi Cdn Vickers .08% 92.00 CO .13 Co Bath Gas -D'st sea .lu'A Dom Bridge .33 Domtar ,84 Dom Textlls Dom Slore 9.75 Dome Pete .40 Dofasco Hawker Sid Huron, Erie Hiram Walk imperial Oil IMASCA Int Nickel Int Pipe Inv Gp A Int Utilities Indust Accept Laurentide Kelly Doug A Loeb Lobiaw A Metro Stores Massey Ferg McMillan Bloe Moore Corp Molsons A 7.50 Molsons B 7.25 New W Homes 46.50 North, Cent 19.37V3! power Corp 13.25 Price Co "19.75 Rothmans 19.75 st Law Corp shell CDA Simpson's Simp Sears Steel of Can Selkirk A Texaco Traders Gp A. Trns Mtn Pp West Cdn S Trans Cdn Pp Union Gas Union Oil Versatile AAfg Westeel Woodward's A W Cdn Seed Zenith Elec BANKS 5.00 4.00 26.50 1.05 11.50 13.121 32.50 3.00 10.75 28.50 62.00 21.25 8.50 21.25 52.7S 13.25 18.50 13.00 10B.50 23.75 ___ Imperial Montreal Nova Scotia Royal Tor-Dom 13.00 63.00 5.75 78.75 16.12V2 2d.75 14.00 2.75 21.75 37.00 27.00 19.75 34.75 34.75 37.62V2 18.00 fl. 3.90 5.62VJ 42.00 23.75 36.65 to 18.50 18.25 8.50 5.50 7.50 11.25 19.00 2.1.50 24.87% 15.25 33.25 13.50 23.75 i 450 33.12 V'2 11.75 23.35 4.50 1.65 22.37V; 15.75 27.12'A 25.50 Neiv York stocks Supplied by Richardson Securities of Canada Amr T and T 45.12VJ Sears Beth Steel Std Oil of Chrysler Texas Gulf Comsat 69.75 Texas Co Dupont Wicks Corp GM 78.75 Woolworth Gulf Westinghouse Elec 91.12 Int Harvester 27.62% U.S. Steel 31.12V Konn Copper 32.75 TORONTO AVERAGES Montgomery Ward 36.00 20 Indust 177.66 up .41 88.50 20 Golds 175.78 off .67 78.25 10 Base Met 92.69 off .09 18.GO 15 W Oils 236.36 Up 2.89 Volume 44.00 NEW YORK AVERAGES 48.00 30 Indust 891.72 up 5.33 20 Rails 215.41 up .64 15 Utilities 117.97 off .16 65 Stocks 299.15 up 1.17 Volume Great Plains operations improve CALGARY (CP) All opera- tions of Great Plains Develop- ment Co. of Canada Ltd. im- proved during the first half of 1971 with earnings relfecting increased oil and natural gas production. The net income increased to or 69 cents a share from or 67 cents a share in the six months ended June 30, 1970, Gross revenue was compared with Production of crude oil rose to barrels a day from barrels while sale of na- tural gas increased 12 per cent to 24 million cubic feet daily. Motor firm bounces back DETROIT Some j work with all times residents of this northwestern1 Alberta community are un- happy with students working in the Alberta Ecology Corps, says Mayor William Bredo. ".Some of these kids have not, n- been pulling their weight." he j students are assigned to vari- said in an interview. "Bu'. I1 don't want to condemn them all of them are the best kids you could ever hope to find Mayor Bredo said two or three of the 18 ecology corps- men in the Barrhead area have af- bcen disappearing shortly tef they report to work. The town has started docking then- wages. plans. retirement and health Joseph A. Beirne, CWA presi- dent, said the tentative agree- ment will not be ratified until secret balloting of union mem- Ders is completed, a process ex- pected to take about two weeks. 3ut workers planned to begin returning to work after mid- night tonight. High-rise buildings fire traps? ..EDMONTON (CP) A government committee on uni- form building standards for Al- berta has announced it will study a published report that many modern high-rise build- ings are fire traps. The committee has received a report of study into a ?10 million fire in a 50-storey New York office building last Aug. 7 which said officials were shock- ed that features in that build- ing were in many other high- rise buildings in North Ameri- ca. Among findings of the New York study was that air-cbndi tioning fans quickly spread heat from the fire to other floors, the central elevator-ser- vices core became a funnel for heat, and moveable walls al I lowed horizontal spread of the I (ire Snwkcy Net earnings By THE CANADIAN PRESS Great Plains Development Co. of Canada Ltd., six months ended June 30: 1971, 09 cents a share; 1970, 67 cents. Scintrex Ltd. three months ended April 3: 1971, 1970, "These kids need a foremen to direct them some days they arc with- out such a person for several hours." The ecology corps was es- tablished earlier this year by the Alberta government' The ous communi'.ics where they clean up parks and do tasks assigned by town officials. At Barrhead. the students earn a month plus a month lot living away from honip. Meanwhile. Lloyd DeVore, said in Edmonton there havo been so many good reporU about the corps that it Is diffi- cul'. to believe there are any good i serious problems in Bairhead, about 60 miles northwest of Ed- Grain price review Winnipeg Grain WINNIPEG (CP) Trading was light to Uie mid-session of the Winnipeg Grain Exchange today and prices continued on a slide to easier patterns. Monday's volume of trade was bushels of flax, of rye and of rapeseed. Mid-session prices: Flax: July lower 2.42A, Oct. Vt lower 2.4738A, Nov. not open, Dec. lower 2.46V4A, May higher Rapeseed Vancouver: July lower Sept. 2Vi lower 3.10B, Nov. iVz lower------ 3.031'aB, Jan. lower j Rapeseed Vancouvc May unchanged 1.07B. Prices for class two wheat for export to countries outside IGA: 1 Nor 1.82's; 2 1.80'ii; 3 1.75; s; 4 1.727s: 1 Durum 1.823.i; 2 3 4 IGA prices: 1 Nor 2 3 4 1 Durum 3 4 High Low Close 1.66% 1.82'i 1.79% .Fla Jly Oct K'ov Dec May 242 247H 247 240% 257 241ss 247 246 256 247 246% 246 Jet fighter deal pending OTTAWA (CP) Canada Is prepared to discuss the possible sale of CF-5 jet fighters to Ven- ezuela to replace that country's aging fleet of F-86 Sabrejets, a trade department spokesman says. He said in an interview Mon- day that Venezuela several months ago announced its inten- tion to acquire new aircraft and has approached several govern- ments, including Canada's. The defence department has only recently taken of the last of 115 CF-5s from Cana- dai-Corp., Montreal. Four squadrons of the mile-an-hour ground-support fighters were originally planned, bvt with a shrinking defence budget only three were finally set up. The defence de- partment has 44 CF-Ss in stor- age. March 1 lower 2.90iiB. Rapeseed Thunder Bay: Oct. 2% lower 3.01, Dec. 1% lower May Vh. lower 2.92B. Oats: July unchanged 76V4A, Oct. unchanged 74TiA, Dec. un- changed 75A, May not open. j Barley: July unchanged 1.20, Oct lower 1.1514B. Dec Oct 301 Dec 288 Oct. it lower i.ja-Mn. uo-.. .j lower May unchanged I May i I Oats Jly Oct Dec May Barley 120 Jiy Sep Nov Jan Mar Rapeseed Thunder Day 328 304S8 299'i 291 325 308% 301'2 327 302 li 297 289 299% 291 Net sales for the nine months were 920 million, an in- j Jly crease over last year's mil- Sep lion 'Nov Beef futures WINNIPEG (CP) Live beef futures Monday: Open High Low Close 3400 34.00 33.75 33.WA 32.35B 31.50B Cyprus force needs money UNTTED NATIONS (Reuter) _ Secretary General U Thant has issued a new appeal to all member states of the United Nations for voluntary contribu- tions to meet the cost of the UN peacekeeping force in Cy- prus. In a letter to governments, Thant said the force which in- cludes Canadians is in a "ser- ious financial due largely to insufficient response to earlier appeals for contribu- tions. The deficit at this time is of the order of the secretary general said. This deficit has been incurred in the period from March, 1964, when the force first went to the island, up to the end of this year. The growing deficit "jeopard- izes the proper support for the force and may even put its continued existence in he continued. IJlv Oct Dec May Rye iy Oct Dec 1157s 114% 107 106 May 285 291 74 us7; 115Vi 114% HZVi 105 106V1 107 Hog prices EDMONTON (CP) Aver- age prices to 11 a.m. provided by the Alberta hog producers marketing board: Edmonton: average yesterday 21.05. Deer: 21.05, average yes- terday 21.24. Calgary: 21.45, average yes- terday 21.43. Lethbridge: No sales, aver-, age yesterday 21.44. Lloydminsler: No sales, aver- age yesterday 21.21. Total hogs sold Monday average 21.26; sows av- erage 12.55. ANDRES WINES ANNOUNCEMENT ITS PEOPLE THAT CAUSE 4U.THE TROUBLE JOHN M. SMITHERS The appointment at' John M. Smithers as Special Marketing Representative, Andres Wines (Alberta) Ltd., is announced by John A. Boychuck, Vicc-Presi- dent. Marketing, Widely experienced in the al- cohol bovorogo industry in the United Kingdom, Mr. Smithors joined Andres Wines in 1969. and handled various sales ai- with iho company prior to his new appointment. Ho will be headquartered at Andres Winery offices in Cal- gary, Alberta, Andres Wines ltd. has wineries located in British Columbia, Al- burla, Ontario and Novn Scolio, and market a cnmpleto range of fine Canadian Wines throughout Canada. Don't Miss the Exciting Action of TOMORROW-WEDNESDAY, JULY 21st! 4 BIG jjy BIG EXHIBITION PARK LETHBRIDGE Final nighl of th. spectacular STAGE SHOW Grandstand o'clock The 75lh Anniversary Variety Extravaganza Fireworks p.m. BEER GARDEN OPEN DAIIY (rom 12 noon featuring The Irish Travelling People- (Final Nighl Wednesday) from 5 p.m. and the Taber Polka Band Thurs.-Sat. CASINO-KAIEIDARTS BIDG.-Open daily from Noon-2 a.m. YOUTH.A-RAMA-MEZZANINE FlOOR-Opcn daily from 12 noon. WHOOP-UP and the 100- 75 years progress in the poullry industry. THOMAS SHOWS MIDWAY ARTS AND CRAFTS DISPLAYS COMMERCIAL AND AGRICULTURAL EXHIBITS FOOD FOR Exhibition Pavilion CHUCKWAGON RACES AND RODEO-Thilrsdoy-Friday-Saturday. ADMISSION Gale Admission-lo all activities on grounds including horso races. AdulU Children (7-14) 50c (under 7) FREE BEER GARDEN afler 5 p.m. COFFEE HOUSE ADMISSION 50c after p.m. GRANDSTAND-STAGE SHOW-RODEO RESERVED and RUSH WHOOP.UP PACKAGE (SAVE PARI-MUTUEL BETTING p.m. ;